---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-012060"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2022-08-04T23:59:59+00:00"
generated_at: "2026-06-24T04:22:17.061396+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors Q2 operating profit $61.3M on Foxconn deal; cash $236M; targets Q3 production

## Summary
- Operating profit of $61.3M includes $101.7M gain on asset sale to Foxconn; core expenses down 33% vs Q1.
- Ending cash $236M, above internal expectations; total proceeds from Foxconn $257.5M in 2022.
- Reaffirms start of commercial production of Endurance in Q3 2022 and deliveries in Q4.
- Reduces 2022 minimum capital raise from $150M to $50-75M; expects lower 2H operating loss and capex of $140-150M.
- Appointed Daniel Ninivaggi as Executive Chairman and Edward Hightower as CEO.

## SEC filing metadata
- accession: 0001558370-22-012060
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2022-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000155837022012060/0001558370-22-012060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000155837022012060/ride-20220804x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-012060
- JSON: https://secwatch.observer/filing/0001558370-22-012060.json
- Plain text: https://secwatch.observer/filing/0001558370-22-012060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.